State of the market: optimism returns to the market restrainedly

Tuesday’s trading opened with a moderate growth of optimism on the stock exchanges in the Asia-Pacific region, and after Europe. Earlier, at the close of trading on Monday, pessimistic sentiment sharpened due to rumors that the Chinese government did not see the possibility of concluding a trade deal while maintaining trade duties. Against this background, the risks of exacerbation of trade tension sharply increased.

With attempts to increase optimism at Tuesday’s trading, the market turned to a correction, supporting the US dollar, which rebounded from support at 97.70-80 and demonstrates restrained attempts to strengthen, while remaining in limbo on the trade agreement and limited to resistance at 97.90 and 98.00.

Read also: “The results of the US-China trade talks”

Hanzenko Anton

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